1797 LARGE CENT -
SHELDON 123
Rarity: Very Scarce
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Images courtesy of Superior
Galleries
Significant examples:
PCGS MS-66 Red and Brown"
(illustrated above). Mehl
07/1946 - R.E. Naftzger, Jr., whose collection of
Large Cents was sold intact to Eric Streiner on February 23, 1992 - Jay
Parino (The Mint) - Superior "Pre-Long Beach
Sale" 09/1999:413, "PCGS graded Mint State-66
Red & Brown. Frosty light steel brown fading down from original
mint color, both sides with a substantial amount of underlying faded mint
red remaining. There are a few microscopic tick marks scattered
about both sides, but it takes a diligent search to find them. The
only notable defect is a small carbon spot at the right top of the T in
CENT. The "cut" on the cheek is a feature of this obverse
die and is present on all examples of the variety. The fields are
smooth and slightly reflective. This is the Noyes plate coin for the
variety, certainly one of the finest known. Most likely from the
famous Nichols hoard of early cents. EAC graded MS63+." This
coin was listed as MS-60+ and ranked as the second finest example known of
the variety in the 1999 printing of "The Official CQR/Noyes Condition
Census for U.S. Large Cents 1793-1814" by William C. Noyes.
Recent appearances:
NGC MS-63. Bowers and
Merena Galleries' Robert W. Schwan Collection Sale, October 26-27, 2000,
Lot 95, "Sheldon-123, Rev. of 1797, Brown", illustrated @
$5,060.00
NGC MS-62 Brown. Ex - Bowers & Merena Galleries' "The
Rarities Sale", January 3, 2001, Lot 23, "B-12",
illustrated, sold for $5,980.00
Sources and/or
recommended reading:
"Penny Whimsy" by Dr. William H. Sheldon
"Walter Breen's
Complete Encyclopedia of U.S. and Colonial Coins" by Walter Breen
Relevant collector
organizations:
Early American Coppers Club
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